The Shearing of Sam Bankman-Fried

Caroline Ellison, a government witness and the former chief executive of Alameda Research (the trading arm of Mr. Bankman-Fried’s empire) and Mr. Bankman-Fried’s former girlfriend, testified in court that “he said he thought his hair had been very valuable.” Ever since an early job at the Wall Street firm Jane Street, Ms. Ellison testified, “he…